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AUKUS Costs and Submarine Funding Increase

Updated 2026-05-12 11:35 UTC 1 source Negative

The Australian government has announced a significant increase in funding for the AUKUS submarine program, with the budget set to rise to $512 million. This comes amid ongoing concerns about the project's viability.

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The Guardian
Labor has announced funding for Australian Submarine Agency will jump to $512m in next financial year amid concerns the sovereign submarine fleet may never arrive<a href="https://www.theguardian.com/australia-news/live/2026/may/12/budget-2026-live-updates-federal-treasurer-jim-chal
2026-05-12 11:03 UTC
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